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Investors & landlords
@idl1i31 ,
In such a case , I would not enter the figures from the 1098 from the lender and the tax statement. ( There used to be a percentage ownership column for Schedule E worksheet that allowed he expenses to be allocated based on ownership percentage. But that also had its limitations. And needed careful checking and editing to get the correct figures.
I would instead forget the automatic allocation and instead enter the actual allocations directly. This way there will be no doubling of the total. However I will keep the records on how I came to those figures.
Another way is to attach backup/ " more information" sheets -- hover over an entry in the forms mode , select the magnifying glass symbol -- now here detail how took the total and allocated the amount. Only the final figure/calculated figure would show on the form --- but you will have a record of how you came to these figures.
Hope this helps.
Is there more I can do for you